r/CryptoCurrency • u/WineMakerBg Make Wine, Take Profits • Jan 28 '25

GENERAL-NEWS Latest Proposal• US Gov to Buy 200,000 BTC annually for 5 years • Hold for at least 20 years • Goal: Halve the U.S. national debt in 20 years

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u/CHUBBYninja32 🟦 0 / 0 🦠 Jan 29 '25

If there was any leak that the USA is selling some of its coin, the market would fucking tumble trying to get out ahead. Doesn’t make any sense.

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u/8A8 🟩 0 / 0 🦠 Jan 29 '25

Imagine if the US announced they were liquidating their gold reserves. You do not believe the price of gold would tumble?

Imagine if the US announced they are removing regulations regarding drilling for oil, and are dissolving their oil reserves - the price of oil would tumble as well.

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u/georgetonorge 🟦 35 / 35 🦐 Jan 29 '25

Pretty sure that’s exactly what they’re saying

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u/8A8 🟩 0 / 0 🦠 Jan 29 '25

Exactly, no sane person would state that the price of Bitcoin would be fine if the US sold some of their reserve - that's how markets work.

I am saying that this is no reason to dismiss the entire venture entirely. Because thats how all assets work.